This came to light during a meeting chaired by Vice President Dr. Mahamudu Bawumia and some key stakeholders, including officials of the Ministry of Finance, Volta River Authority and the Ghana Infrastructure Investment Fund on Monday.
The construction of the dam has become imperative due to the annual floods and deaths that occur in the area whenever the Bagre Dam in Burkina Faso is opened.
In 2018, at least 7,488.94 hectares of farms were destroyed by the floods whilst livestock were carried away.
Sensitisation and evacuation plans had already began in the Pwalugu flood area, following plans by the Burkinabe authorities to open the dam in a few days' time.